The electric vehicles are gaining tractions in becoming the only type of cars automobile that will remain in the future. The oil based combustion engine cars will get phased out with EV cars being standardized. 4 -5 EV auto manufacturers will exist in the future and the current ones will keep merging. Manufacturers like Tesla, Nio and EV of major brands should survive.
Lithium Ion Battery based Electric vehicles are not the only type of EVs. In the below infographic, Visual Capitalist’s Marcus Lu and Miranda Smith explain the Fuel cell electric vehicles along side Lithium Ion based.
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